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Lamastre
Gross Yield:
7.25%
Time to pay off with rent:
10.3 years
Price Difference:
-5000%
Expected Rent:
1200€/month
This remarkable investment opportunity is located in Lamastre on Rue Ferdinand HEROLD. The property consists of an impressive total living space of approximately 233 square meters, situated on a sizable plot of 852 square meters that is suitable for construction. It includes four individual residential units, each ranging from 32 to 44 square meters, which are in need of renovation. Additionally, there is an independent studio of around 40 square meters, providing a versatile option for potential rental income. The heating system for the four apartments is managed by two gas boilers, while the studio is heated through electricity, offering a mix of heating solutions. Potential buyers should be aware that significant renovation work is required, including improvements to insulation, window fittings, electrical compliance updates, and general aesthetic refreshment. The property incurs an annual land tax of €1,756, which should be factored into the overall investment assessment. This is a unique chance to invest in a property with the potential for rental income in a growing area.